We trust accountants to keep our money safe, to help guide us in directions that are good for our future. As a nonprofit organization, you probably trust your accountant with a lot of valuable information, both for clients and internal business operations. Your accountant fills a vital role, so when they go bad it is very, very bad. Lately, the news has been rampant with examples of internal accountants behaving badly--stealing money in quiet and loud ways, participating in schemes that range from very short to years and years.
If you’re a nonprofit organization, an accountant, or some combination of the two, you spend a lot of time thinking about the future. What will it look like in five, ten, or twenty years? Chances are, you’ve got growth on the brain, and you’re doing a bit of planning for these increments. Predicting the future is impossible, and hypothesizing can be difficult of even reckless, especially with something as fluid as financials.
The role of the nonprofit board is an important one, often underutilized is an era of “just get things done”. In reality, your nonprofit board exists to do just that and, with a little guidance, can elevate your nonprofit in terms of work, dedication to mission, and fundraising capability. To get the most out of your board, you’ve got to know what exactly you’re looking for and what exactly you’re asking.
In light of a recent decision by a federal judge mandating that President Trump’s accounting firm hand over his records (and President Trump’s subsequent appeal), you may be wondering what privacy an accounting firm can offer--who, if anyone, can gain access to your records? What exactly does this process look like? When you’re not the president of the United States, things operate a little differently. But how, exactly? Obligations of CPA firms A CPA firm has access to a variety of client records and papers, and usually they sit undisturbed.
Nonprofit organizations are heavily reliant on the help of their nonprofit board. From fundraising to daily tasks, a nonprofit board can fulfill a variety of responsibilities, and offer new perspectives and valuable leadership to an organization. Often, nonprofit organizations rely on their boards for help planning the future--assessing risks and forging a path forward. If your board is interested in helping your organization reach the next milestone, they can best serve you and your mission by approaching the planning process with a plan of attack.